Mortgage Services

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Your dedicated mortgage advisor

Mena Mortgage Services (MMS) is an independent mortgage broker, licensed by the Department of Economic Development (DED), and has been trading in the UAE for the last 10 years. All brokers are fully qualified, with at least 5 years’ experience, and specialise in mortgages for residents and non-residents purchasing property in the UAE.

Working with a range of UAE banks, MMS guarantee their clients the most suitable mortgage for their individual circumstances. Due to these exclusive partnerships, Mena Mortgage Services are able to offer cost-effective products to their clients which can only be accessed through MMS.

Whether you are buying your first property or refinancing your existing loan, our experts can help you find the best mortgage offers in Dubai and the UAE.

Simply fill out the form and we will respond within 24 hours.

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Your Doubts Cleared

1. What is a mortgage and how does it work?
A mortgage is a loan that a lender extends to a home buyer to help finance the purchase of a property.
2. How are monthly mortgage payments structured?
Principal – the amount that goes towards the equity Interest – the rate you are charged to obtain the loan Insurance – This is mandatory in all cases
3. What is the collateral?
Principal – the amount that goes towards the equity Interest – the rate you are charged to obtain the loan Insurance – This is mandatory in all cases
3. What is the collateral?
The purchased house acts as collateral, so if you can't repay the mortgage, your lender can take possession of your property and sell it to collect any money you owe them.
4. How much can I borrow from a bank?
This depends on your personal circumstances, such as your salary and your existing liabilities. For a more direct answer, have a chat with our mortgage advisor.
5. What is my loan limit?
Again, This is dependent on your personal circumstances, so you would need to speak to our mortgage advisor for an accurate answer.
6. Is it better to pay a mortgage faster?
The faster you pay off your mortgage, the less interest you will have paid at the end of the mortgage term (use our early payoff calculator to get the sums). So the faster you pay your mortgage, the less you need to pay.
7. Is there a circumstance when it is better to not pay off your mortgage faster?
If they have a low-interest rate, and put their money towards higher-interest investments, it might make sense to keep the mortgage ongoing while using capital to earn more money on higher-interest investments.
8. How long is the processing time for a mortgage approval?
This again, is dependent on your personal circumstances such as work, therefore it would be best to have a chat with our mortgage advisor to give you a more accurate answer.
9. What are fixed-rate mortgages?
These are generally only for 1,2,3, or 5 years. The amount you pay towards interest will be large at first, but will gradually decrease as you make payments.
10. What are variable mortgages?
The interest rate on an adjustable-rate mortgage will fluctuate and be linked to the EIBOR rate, which means the interest portion paid on your monthly payments will change.
11. What is amortization?
This shows the amount of interest paid and the amount of capital paid.
12. What is a mortgage tenor?
This is the total length of the mortgage. The maximum length in the UAE is 25 years and is based on its affordability.. This can be discussed with your mortgage advisor and confirmed by the bank.
13. I still don’t understand some things about getting a mortgage, what should I do?
We definitely recommend speaking to our mortgage advisor, they will tell you everything you need to know about getting a mortgage and help guide you through every step of the way.